Mumbai, 23 2026: SVC Bank, formerly known as The Shamrao Vithal Co-operative Bank Ltd., a multi-state scheduled bank in India, on 9th January 2026, won three prestigious national awards at the Indian Banks’ Association (IBA) platform, presented by Shri. T. Rabi Sankar, Deputy Governor – Reserve Bank of India; Shri. Deepak Phatak, Professor Emeritus – Indian Institute of Technology, Mumbai and Shri. Atul Kumar Goel, Chief Executive – Indian Banks’ Association. The Bank was awarded Best Fintech & DPI Adoption (Winner) in the Co-operative Sector Banks category, Best Tech Talent (Winner) in the Co-operative Sector Banks category and Best Technology Bank (Special Mention) in the Co-operative Sector Banks category, reaffirming its sustained focus on digital capability building, technology resilience and talent development.
Held as part of the 21st Annual Banking Technology Conference, Expo & Citations organised by IBA at Mumbai, the awards were conferred during a ceremony attended by senior leaders from across the banking sector, policymakers and delegates. The IBA platform, this year, focused on key themes around technology adoption, digital transformation, cybersecurity, fintech collaborations and operational resilience, with sessions and discussions highlighting industry best practices and future trends in technology-led banking. SVC Bank’s recognition for Best Fintech and DPI (Digital Public Infrastructure) Adoption, Best Technology and Best Tech Talent underscores its contributions and commitment to these focus areas in the rapidly evolving banking landscape.
Speaking on the achievement, Ravinder Singh, Managing Director, SVC Bank, said, “These awards validate the collective efforts of our teams in building strong technology foundations while keeping customer trust, operational stability and regulatory discipline at the centre. Fintech adoption, integration with digital public infrastructure and talent development are integral to our long term strategy. As we enter our 120th year, we remain focused on deploying technology responsibly, strengthening governance and continuously improving service delivery for our customers and stakeholders.”
In the backdrop of the Bank’s 120th year of operations, these recognitions reflect its long standing role in India’s cooperative banking landscape. Over more than a century, the Bank has progressed through multiple phases of regulatory change, market evolution and technology adoption while maintaining excellence in governance and customer service. The awards reflect the Bank’s ongoing efforts to align its institutional legacy with contemporary banking practices and its focus on building sustainable capabilities that support customers, employees and stakeholders over the long term.
